We analyze several housing market indicators in order to present an in-depth breakdown of Fremont Ca Homes for Sale Market comparing December 2008 to December 2009.
Summary of Key Points
Fremont Ca Homes for Sale market has shown a marked improvement from Dec 08 selling more houses and at a faster rate
Median Sales Price (-0.39%), Median Days on Market (43.08%), and Number of Units Sold (-53.40%)
Big Picture: Out of the 20 cities analyzed in the East Bay, Fremont was in the top 3 for change in the number of units sold
Fremont Ca Homes for Sale
The city of Fremont experienced a 0.39% decrease in median sales price from last year going down from $506,622 (Dec. 08) to $504,646 (Dec. 09). That is a miniscule decrease so we should look at some additional statistics in order to determine how the city of Fremont fared one year later. Like the majority of Northern California cities we considered, Fremont too saw a decent decrease in median number of days on market. Median days on market went down 43.08% going from 47 days in Dec 08 to 27 days in Dec 09; it takes almost half the time to sell a house in Fremont Dec 09 compared to Dec 08. Fremont prospered in number of units sold category as well. Fremont was able to move 158 houses in Dec 09 vs. 103 in Dec 08, that is an increase of 53.40%!! Sellers should also rejoice in the fact that the SP/LP ratio for Fremont has also started moving in the right direction. Sellers were receiving 97% of their list price in Dec 08 and that number jumped to 100% for Dec 09. All in all, a negligible decrease in median sales price but a drastic decrease in both median days on market and units sold for Fremont.
Milpitas and Union City did not enjoy the type of success that Fremont did but it was not all bad news for them. Milpitas ca homes for sale ended up faring a little better than Union City ca homes for sale with a 8.55% increase in median sales price and a 59.14% decrease in median days on market though units sold were down by a small amount at 5.71%. Union City saw a 8.35% decline in median sales price and a 19.35% decline in units sold however median days on market saw a 16.30% improvement.
Its safe to conclude buyers over eagerness to pick up whatever inventory comes on the market reviewing median days on market dropping substantially all across.
Consult latest research and find Home For Sale in all major cities in California including Fremont Ca Homes for Sale, Milpitas Ca Homes for Sale, Union City Ca Homes For Sale.
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